Moving to another question will save this response.Question 8On a bank reconciliation, the amount of deposit placed in the bank's night depository should be:А.Added to the book balance of cash.В.Deducted from the book balance of cash.С.Added to the bank balance of cash.D.Deducted from the bank balance of cash.Moving to another question will save this response.

The question is multiple choice question Required Choose the Correct Option .

A Moving to another question will save this response. Question 8 On a bank reconciliation, the amount of deposit placed in the bank's night depository should be: А. Added to the book balance of cash. O B. Deducted from the book balance of cash. OC. Added to the bank balance of cash. D. Deducted from the bank balance of cash. A Moving to another question will save this response.

A Moving to another question will save this response. Question 8 On a bank reconciliation, the amount of deposit placed in the bank's night depository should be: А. Added to the book balance of cash. O B. Deducted from the book balance of cash. OC. Added to the bank balance of cash. D. Deducted from the bank balance of cash. A Moving to another question will save this response.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Please help me do question 2a
In a two-step bank reconciliation, identify the items that might be necessary to adjust the bank balance to the corrected cash balance. Identify the items that might be necessary to adjust the book balance to the corrected cash balance.
A cash payment under a good control system will have. a. Too much amount Bank book balance b. Appointing different persons to authorize the payment and sign the cheques c. Too much amount book balance d. Maintaining minimum bank book balance
Which option below correctly indicates how an unfavourable balance of the bank account in the general ledger at 31 May 2021 should be dealt with when doing a bank reconciliation? Select one: a. By debiting the bank reconciliation statement as at 31 May 2021 b. By crediting the bank statement for May 2021 c. By crediting the bank reconciliation statement as at 31 May 2021 d. By debiting the bank statement for Please don't provide solution image based thnku
Which of the following items does NOT cause a difference in the bank balance and the book balance on a bank reconciliation? a. Nonsufficient funds checks b. Deposits in transit c. Canceled checks d. Outstanding checks
During a bank reconciliation process, Oa. outstanding checks and deposits in transit are subtracted from the bank statement balance Ob. outstanding checks are added and deposits in transit are subtracted from the bank statement balance Oc. outstanding checks and deposits in transit are added to the bank statement balance Od. outstanding checks are subtracted and deposits in transit are added to the bank statement balance
A Moving to another question will save this response. Question 11 On a bank reconciliation, the amount of NSF checks not yet recorded by the company should be: A. Added to the bank balance of cash. В. Deducted from the bank balance of cash. C. Deducted from the book balance of cash. D. Added to the book balance of cash. Moving to another question will save this response.
In preparing a bank reconciliation, the amount of outstanding checks is added to the balance per bank statement. OTrue False
nk.9 A check written correctly for $50 was recorded in the general ledger as $55. This would appear on a bank reconciliation as a(an) a)addition to the book balance. b)deduction from the book balance c)deduction from the bank balance. d)addition to the bank balance.
QUESTION 5 On the bank reconciliation, deposits in transit are: a. an addition to the balance per bank statement b. a deduction to the balance per bank statement c. an addition to the company's records d. a deduction to the company's records
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